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One Pipeline Giant Offering to Stash the Oil Glut in Its Lines


By Rachel Adams-Heard

(Bloomberg) Energy Transfer LP is looking at ways to free up space on its pipelines to store more crude as the coronavirus lockdown leaves the world swimming in oil.The company has identified two pipelines in Texas that would provide about 2 million barrels of additional storage, according to a spokeswoman. Energy Transfer is in the process of asking the Texas Railroad Commission for permission to change the method of operation on these lines. Argus Media first reported the plans.

“After that it will be a matter of adding pumps, which we can easily achieve,” the spokeswoman said in an email. “We estimate we can be ready by mid-May.”



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